Re: [Marxism] The Unheard-of Center: Critique after Modern Monetary Theory | Literature, the Humanities,

2020-04-21 Thread MM via Marxism
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> On Apr 21, 2020, at 4:27 PM, Louis Proyect via Marxism 
>  wrote:
> 
> What a bunch of jive.

It’s an intentional provocation, not a policy document.
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Re: [Marxism] The Unheard-of Center: Critique after Modern Monetary Theory | Literature, the Humanities,

2020-04-21 Thread MM via Marxism
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> On Apr 21, 2020, at 4:57 PM, MM  wrote:
> 
>> On Apr 21, 2020, at 4:27 PM, Louis Proyect via Marxism 
>> mailto:marxism@lists.csbs.utah.edu>> wrote:
>> 
>> What a bunch of jive.
> 
> It’s an intentional provocation, not a policy document.

By the way, I don’t think Scott would call himself a “leading MMT theorist.” 
He’s not even an economist, but a young media scholar.

Here’s a better place to start:

Modern Monetary Theory and Practice: An Introductory Text
Mitchell, Prof W F; Wray, Prof L R; Watts, Prof M J
https://www.abebooks.com/9781530338795/Modern-Monetary-Theory-Practice-Introductory-1530338794/plp

Again, if you need a straw man to debunk in order to feel better about your 
ignorance, you’ll definitely be able to find one.
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[Marxism] The Unheard-of Center: Critique after Modern Monetary Theory | Literature, the Humanities,

2020-04-21 Thread Louis Proyect via Marxism

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I recommend this article by Scott Ferguson, a leading MMT theorist. It 
is filled with more malarkey than I've seen since reading Hardt-Negri's 
"Empire" 20 years ago:


"Supplanting what economist Abba Lerner once termed the myth of world 
money with an interdependent politics rooted in strong public spending 
regimes, the MMT Job Guarantee would thus begin to turn neoliberal 
financial capitalism outside-in and expose the constricting paroxysms of 
present social production to more congenial and commodious orbits."


What a bunch of jive.

https://arcade.stanford.edu/content/unheard-center-critique-after-modern-monetary-theory

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